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Ontario Assembly Bill

Ontario Bill 8

43rd Parl. 1st Sess.
August 18, 2022
Anti-Money Laundering in Housing Act, 2022
  • This is a proposed law in Ontario called the Anti-Money Laundering in Housing Act, 2022. It aims to address the issue of rising housing prices and speculation, making it difficult for many people to afford their first home. The law would require the Minister of Municipal Affairs and Housing to develop a plan to create a public registry of property owners in Ontario, including corporations, trusts, and partnerships. The plan would be published on a government website and would include steps, timelines, and consultation with relevant stakeholders. Within six months of developing the plan, the Minister would prepare a progress report on establishing the registry. The law would come into effect once it receives Royal Assent and is titled the Anti-Money Laundering in Housing Act, 2022.
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  • RA
  • Yea
  • Nay
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